Technical & Derivatives Report
September 26, 2018
Sensex (36652) / Nifty (11067)
Exhibit 1: Nifty Daily Chart
We had a complete roller coaster ride yesterday as we saw index
giving wild swings in either direction twice in a range of nearly
150 points. There was some sort of tussle going around among
the bulls and the bears. Due to last hour V-shaped recovery, the
bulls managed to win this battle for the day and as a result, the
Nifty managed to reclaim the 11000 mark with some authority.
After 5-6 days of distress selling, our markets finally had some
respite. The broader market participation in this relief move
certainly bodes well and hence, today we are likely to see an
extension of this bounce back towards 11120 - 11180 levels.
However, it would be too early to take this call whether the worse
is behind us now. We need to keep observing how market
behaves around the cluster of resistances going forward. But for
the day, we expect this positivity to extend and since broader
market too participated in it, momentum traders are likely to get
better trades for next couple of days. For the day, the support can
be seen in range of 11020 - 10960.
The ideal strategy would be to focus on stocks, which are poised
for a strong bounce back and traders need to keep booking
profits unless the larger picture becomes clear.
Key Levels
Support 1 - 11020
Resistance 1 -
11120
Support 2 - 10960
Resistance 2 -
11180
Nifty Bank Outlook - (25330)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index continued with
its negative momentum and breached the 24700 mark during the
first hour of the trade. However, the index recovered smartly in
the last hour to end the day with gains of 1.44 percent over its
previous day's closing.
In our yesterday's report, we had highlighted about the oversold
momentum setups which usually lead to pullback moves. The
index traded with high volatility during the day and pulled back
higher in the last hour to conclude on a positive note after five
consecutive negative days. In downtrends, the pullback moves are
generally sharp and hence, traders should be geared for such
sharp moves. However, the trend continues to be negative and
hence traders should also be quick to lock in profits in such high
volatile times. The intraday supports for the index are placed
around 25138 and 24870 whereas resistances are seen around
25600 and 25725.
Key Levels
Support 1 - 25138
Resistance 1 -
25600
Support 2 - 24870
Resistance 2 - 25725
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Technical & Derivatives Report
September 26, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.97%
Bank Nifty futures open interest has decreased by
10.72% as market closed at 11067.45 levels.
The Nifty September future closed with a premium of
19.25 points against a premium of 30.55 points in last
trading session. The October series closed at a premium
of 58.95 points.
The INDIA VIX has decreased from 17.42 to 16.68. At
the same time, the PCR-OI of Nifty has increased from
1.05 to 1.13.
Few of the liquid counters where we have seen high cost
of carry are GODREJCP, IBULHSGFIN, TV18BRDCST,
INFIBEAM and JUSTDIAL.
Views
FIIs were net sellers in cash market segment to the tune
of Rs. 1232 crores. At the same time, they sold worth Rs.
OI Gainers
793 crores in index futures with rise in open interest,
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating formation of fresh shorts in yesterday’s trading
CHOLAFIN
1082500
20.75
1230.40
4.26
session
BIOCON
8030700
14.12
701.55
5.37
In options front, they bought worth Rs. 606 crores with
IBULHSGFIN
15982500
13.56
929.65
-4.63
rise in open interest. As far as Nifty options activities are
CANFINHOME
4247500
13.34
253.80
-5.57
considered, we saw marginal additions in 11100 call
NBCC
23574000
10.49
63.85
2.07
option; followed by unwinding in higher price strikes. On
DLF
29100000
8.36
177.60
-3.86
the flip side, we saw good amount of OI addition in
VEDL
51985500
8.24
230.40
0.43
11000 put option. Maximum open interest for September
series is placed at 11500 followed by 11200 call and
VGUARD
3309000
7.93
182.10
-2.22
11000 put options.
Post the sharp sell-off in last few sessions, the Nifty index
OI Losers
continued the downmove in the first hour of trade
OI
PRICE
yesterday. However, inspite of the index trading well
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
below 11000, we did not see any unwinding in 11000
ANDHRABANK
7631000
-26.99
30.60
6.06
put option yesterday. The index then recovered smartly in
REPCOHOME
638100
-17.46
451.20
4.69
the last hour of the trade to end above 11000 mark.
ORIENTBANK
16098000
-15.52
66.70
1.06
Considering the above analysis and the highest OI intact
JUSTDIAL
3598000
-13.35
492.20
-1.94
in 11000 put, we believe that the 11000 mark would act
TORNTPOWER
2154000
-11.03
228.15
-0.99
as strong support in this expiry. Hence, from the expiry
MUTHOOTFIN
3418500
-10.73
427.65
-1.15
perspective, the index could trade in the range of 11000-
ALBK
22110000
-10.47
37.75
4.01
11200 with higher volatility.
AJANTPHARM
772000
-10.44
1109.45
1.60
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IFCI
80.31
NIFTY
1.13
0.80
JETAIRWAYS
88.16
BANKNIFTY
0.70
0.72
EXIDEIND
31.07
RELIANCE
0.53
0.76
BIOCON
49.31
ICICIBANK
0.51
0.60
TVSMOTOR
38.43
INFY
0.55
0.38
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Technical & Derivatives Report
September 26, 2018
FII Statistics for September 25, 2018
Turnover on September 25, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
11327.76
12121.06
(793.30)
325316
27308.35
1.25
576030
51814.02
33.37
FUTURES
FUTURES
INDEX
INDEX
202509.41
201903.82
605.59
1091241
93890.17
3.63
12017911
1112624.09
33.56
OPTIONS
OPTIONS
STOCK
38091.87
37443.14
648.72
1303420
92409.83
1.77
STOCK
FUTURES
2064676
131079.59
17.70
FUTURES
STOCK
STOCK
8655.38
8570.66
84.72
140551
9573.05
(1.67)
1004472
70737.23
9.87
OPTIONS
OPTIONS
Total
260584.42
260038.68
545.74
2860528
223181.41
2.24
TOTAL
15663089
1366255
30.41
Nifty Spot = 11067.45
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11100
60.35
Buy
11100
71.85
39.85
60.15
11139.85
31.25
68.75
11068.75
Sell
11200
20.50
Sell
11000
40.60
Buy
11100
60.35
Buy
11100
71.85
55.50
144.50
11155.50
49.35
150.65
11050.65
Sell
11300
4.85
Sell
10900
22.50
Buy
11200
20.50
Buy
11000
40.60
15.65
84.35
11215.65
18.10
81.90
10981.90
Sell
11300
4.85
Sell
10900
22.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 26, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
312
325
337
350
362
ASIANPAINT
1,236
1,263
1,284
1,311
1,332
AXISBANK
578
596
608
626
638
BAJAJ-AUTO
2,698
2,743
2,773
2,818
2,847
BAJFINANCE
2,120
2,210
2,270
2,360
2,420
BAJAJFINSV
5,805
5,995
6,123
6,313
6,441
BPCL
351
358
362
368
372
BHARTIARTL
336
348
356
368
376
INFRATEL
261
265
272
277
284
CIPLA
634
648
657
671
680
COALINDIA
265
270
278
283
291
DRREDDY
2,525
2,568
2,594
2,637
2,663
EICHERMOT
24,587
25,093
25,542
26,048
26,496
GAIL
354
362
371
379
388
GRASIM
995
1,017
1,030
1,052
1,066
HCLTECH
1,081
1,099
1,112
1,130
1,143
HDFCBANK
1,896
1,924
1,943
1,971
1,990
HDFC
1,687
1,730
1,757
1,800
1,827
HEROMOTOCO
3,064
3,088
3,107
3,131
3,150
HINDALCO
231
237
241
247
251
HINDPETRO
236
239
243
246
250
HINDUNILVR
1,553
1,592
1,616
1,655
1,679
IBULHSGFIN
702
816
900
1,014
1,098
ICICIBANK
295
303
308
316
322
IOC
149
151
154
156
159
INDUSINDBK
1,619
1,658
1,688
1,727
1,756
INFY
707
717
726
736
745
ITC
289
295
299
305
309
KOTAKBANK
1,094
1,139
1,165
1,210
1,236
LT
1,295
1,307
1,320
1,332
1,345
LUPIN
846
864
876
894
906
M&M
851
872
886
907
921
MARUTI
7,561
7,780
7,899
8,118
8,237
NTPC
162
166
168
172
174
ONGC
177
180
182
185
187
POWERGRID
187
190
194
197
201
RELIANCE
1,174
1,202
1,224
1,252
1,274
SBIN
256
263
268
276
280
SUNPHARMA
616
628
637
649
658
TCS
2,125
2,154
2,183
2,212
2,241
TATAMOTORS
232
236
240
244
248
TATASTEEL
561
581
595
615
629
TECHM
731
745
759
773
786
TITAN
760
779
796
815
833
ULTRACEMCO
3,910
3,969
4,009
4,068
4,108
UPL
630
646
655
671
680
VEDANTA
224
227
230
233
236
WIPRO
321
325
330
333
338
YESBANK
177
198
219
240
260
ZEEL
430
440
447
456
463
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Technical & Derivatives Report
September 26, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
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